US President Donald Trump signs a proclamation declaring his intention to withdraw from the JCPOA Iran nuclear agreement in the Diplomatic Room at the White House in Washington, US, May 8, 2018. (Source: REUTERS)

Many regard the invasion of Iraq as the worst foreign policy move in the history of the American republic. Now we arguably have a competitor. The decision to abandon the nuclear agreement with Iran isolates the United States, reneges on an American commitment, adds to the risk of a trade war with the United States' allies and a hot war with Iran, and diminishes the prospects of a durable and truly verifiable agreement to eliminate the North Korean nuclear and missile threat.

This situation is not unprecedented. In 1982, responding to the imposition of martial law in Poland, President Ronald Reagan sought to punish companies helping to build a gas pipeline between the USSR and Western Europe. The Europeans threatened to retaliate against American firms and Reagan eventually backed down. In 1996 this pattern was repeated. Congress passed a law penalizing European investors in Cuba. The Europeans filed a case in the World Trade Organization and threatened retaliation. President Bill Clinton backed down.

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It took months of transatlantic confrontation before these two disputes were resolved. It's likely to be harder this time around. The volume of trade potentially affected is now much larger, the transatlantic relationship is already much worse than it ever was under Reagan or Clinton, and President Donald Trump has shown less regard for Western solidarity than any of his predecessors. This time the breach may not be healed.

Trump is right to point with concern to Iran's destabilizing regional behavior, but the attention he devotes to it seems out of proportion to the actual threat to American interests. Islamist groups affiliated with Islamic State and al Qaeda are presently conducting insurgent campaigns in Nigeria, Mali, Niger, Somalia, Libya, Egypt, Syria, Iraq, Yemen, Afghanistan and the Philippines. U.S. troops are engaged in 10 of these countries, all except Egypt. Of these 11 conflicts Iran is engaged in only three -- Syria, Iraq and Yemen. It is backing the opposite side from the United States in only one, Yemen. Curbing irresponsible Iranian behavior is a valid objective, but it will do little to address the threat to the U.S. homeland and is hardly the key to a more tranquil Islamic world.

Saudi Arabia and Israel back Trump's decision. As support goes, that is about it. No European or Asian ally supports the U.S. withdrawal. No major power supports it. No member of the G-7 or the G-20 supports it. Absent such international backing it is hard to see how the U.S. administration can achieve any of the goals for its new policy Trump announced on Tuesday.(James Dobbins is a senior fellow and Distinguished Chair in Diplomacy and Security at the nonprofit, nonpartisan RAND Corporation, a former assistant secretary of state, and the author of "Foreign Service: Five Decades on the Frontlines of American Diplomacy." The opinions expressed are his own.